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Latest Oil Market News and Analysis for Nov. 4

Bloomberg Markets Tuesday 03 November 2026, 23:08 UTC By Kanoko Matsuyama 1 min read
Key Points

Oil Edges Higher as Progress on US-Iran Talks Remains Mixed Oil edged higher after a two-day decline as traders weighed the outlook for the US-Iran war following conflicting signals on the trajectory of peace talks. West Texas Intermediate rose toward $97 a barrel after swinging in a range of around $5 on Tuesday. Brent closed below $104.

Oil Edges Higher as Progress on US-Iran Talks Remains Mixed Oil edged higher after a two-day decline as traders weighed the outlook for the US-Iran war following conflicting signals on the trajectory of peace talks. West Texas Intermediate rose toward $97 a barrel after swinging in a range of around $5 on Tuesday. Brent closed below $104. Tehran and Washington are reviewing fresh proposals from mediators on how to resolve their differences, according to a diplomat briefed on the matter. Still, Iran’s national security chief said on X that the US response has so far been “not satisfactory.”
Latest Oil Market News (ORG) Oil Edges Higher as Progress (ORG) US (LOCATION) Iran (LOCATION) West Texas Intermediate (ORG) Brent (PERSON) Tehran (LOCATION) Washington (LOCATION)
Originally published by Bloomberg Markets Read original →

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